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Government budget balance to GDP in Iceland

Latest: -1.1%
Previous: -2.6%
Change: +1.47 (+57.8%)
Reference period: Dec 31, 2023
Frequency: Annual
Unit: Percent

Government budget balance to GDP over time

Annual, Percent, Not seasonally adjusted

Source: World Bank

Observations for Government budget balance to GDP in Iceland
Date	Value
Dec 31, 1966	—
Dec 31, 1967	—
Dec 31, 1968	—
Dec 31, 1969	—
Dec 31, 1970	—
Dec 31, 1971	—
Dec 31, 1972	0.6%
Dec 31, 1973	-0.1%
Dec 31, 1974	-2.2%
Dec 31, 1975	-2.2%
Dec 31, 1976	1.0%
Dec 31, 1977	-0.3%
Dec 31, 1978	-0.0%
Dec 31, 1979	-0.1%
Dec 31, 1980	0.5%
Dec 31, 1981	0.9%
Dec 31, 1982	0.8%
Dec 31, 1983	-2.2%
Dec 31, 1984	0.9%
Dec 31, 1985	-1.8%
Dec 31, 1986	-3.8%
Dec 31, 1987	-2.1%
Dec 31, 1988	-3.3%
Dec 31, 1989	-3.2%
Dec 31, 1990	-2.5%
Dec 31, 1991	-3.6%
Dec 31, 1992	-2.5%
Dec 31, 1993	-2.9%
Dec 31, 1994	-2.8%
Dec 31, 1995	-2.3%
Dec 31, 1996	-1.1%
Dec 31, 1997	0.4%
Dec 31, 1998	1.2%
Dec 31, 1999	2.6%
Dec 31, 2000	2.6%
Dec 31, 2001	-0.1%
Dec 31, 2002	-1.2%
Dec 31, 2003	-2.0%
Dec 31, 2004	0.8%
Dec 31, 2005	4.9%
Dec 31, 2006	6.1%
Dec 31, 2007	5.0%
Dec 31, 2008	-11.2%
Dec 31, 2009	-7.6%
Dec 31, 2010	-5.8%
Dec 31, 2011	-6.2%
Dec 31, 2012	-2.1%
Dec 31, 2013	-0.8%
Dec 31, 2014	1.1%
Dec 31, 2015	0.2%
Dec 31, 2016	12.4%
Dec 31, 2017	2.2%
Dec 31, 2018	1.5%
Dec 31, 2019	-0.9%
Dec 31, 2020	-7.9%
Dec 31, 2021	-7.1%
Dec 31, 2022	-2.6%
Dec 31, 2023	-1.1%
Dec 31, 2024	—
Dec 31, 2025	—

About this indicator

Source: World Bank (opens in a new tab)

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